Mortgage Closing Cost Calculator


This calculator may be used to calculate the approximate closing costs of establishing a new mortgage policy. If you are refinancing an existing loan, your closing costs may be less. Ask a mortgage representative for details.

Enter Loan Amount $
Application Fee $0.00
Appraisal Fee $325.00
Flood Certification Fee $15.00
Credit Report Fee $0.00
Settlement Fee to PFCU $395.00
Title Insurance $
Recording Fees (Deed & Mortgage) $185.50
State Mortgage Tax $
Equalization/Capital Gains Affidavits $125.00
Total Closing Costs $

Attention Pittsford FCU Members -- If you are refinancing an existing PFCU loan, your closing costs may be less. Ask a mortgage representative for details.
Note: Actual costs May Vary

Possible Additional Charges
  • Interest Paid at Closing
    • Loan Amount multiplied by Interest Rate divided by 365 times number of days from closing date to end of month
    • Also may be referred to as "Per Diem" Interest
  • Discount Points
    • Optional, used to reduce interest rate
    • Each "Point" is equal to 1% of the mortgage amount, and resulting rate must be quoted by a mortgage representative
  • Property Taxes
    • Based on true taxes as levied for County, Town, Village, City, School
    • If Credit Union will Escrow, (CU pays taxes on your behalf), expect to pay one year's taxes at closing
    • You will reimburse the seller for the portion of the year they occupied the property, and the remainder to fund your escrow account for future tax payments
    • If you plan to pay your taxes when due, expect to pay an amount to payback the Seller for the portion of the year they occupied the property
  • Down Payment
    • The cash portion paid by a buyer to purchase a property
  • Your Attorney Fees
    • As charged by your Attorney for services rendered
  • PMI Charge (Private Mortgage Insurance)
    • Required on loans where the loan amount is more than 80% of the property value (or purchase price)
  • Other charges or fees as required by the county in which the property is located
  • Other expenses as agreed upon between the Buyer and Seller
Click here for a checklist of items to bring to your mortgage appointment.